KKR & Co. Inc. (NYSE:KKR) Shares Will Pay Quarterly Dividend of $0.20

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Monday, November 9th. Investors of record on Thursday, November 19th will be paid a dividend of $0.1950 per share by the asset manager on Thursday, December 3rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th.

KKR & Co. Inc. has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 years. KKR & Co. Inc. has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $6.68 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.7%.

KKR & Co. Inc. Trading Up 1.6%

KKR opened at $98.06 on Tuesday. The stock has a market capitalization of $88.03 billion, a P/E ratio of 31.23, a P/E/G ratio of 0.78 and a beta of 1.72. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84. The firm’s fifty day simple moving average is $95.80 and its 200 day simple moving average is $98.20. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.20. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $2.66 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer boosted their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Evercore decreased their price target on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. BNP Paribas Exane reduced their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Piper Sandler decreased their target price on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, HSBC lowered their price target on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $123.58.

KKR & Co. Inc. Company Profile